BMW Foundation Herbert Quandt
Independent corporate foundation of BMW Group
Also known as BMW Stiftung Herbert Quandt, BMW Foundation, Eberhard von Kuenheim Fund, EKF Fund
Munich-based corporate foundation of the BMW Group (founded 1970); invests over 10% of its endowment in impact VC funds via its Eberhard von Kuenheim Fund.
- HEADQUARTERS
- Munich, Germany
- FOUNDED
- 1970
- AUM
- €100M (2016)
- OUTSIDE CAPITAL
- No — own capital only
- TEAM LISTED
- 7 people
Focus
- STAGES
- —
- SECTORS
- —
- ASSET MIX
- Venture capitalImpact
- GEOGRAPHY
- GermanyEurope
Investment arms & vehicles
- Impact-investment vehicle through which the Foundation invests parts of its endowment, focused on venture capital fund investments since 2018
Overview
The BMW Foundation Herbert Quandt, founded in 1970 and based in Munich and Berlin, is the BMW Group's independent corporate foundation and a private operating foundation under civil law. In 2016 the BMW Group doubled its assets from €50M to €100M, Stefan Quandt and Susanne Klatten added €30M, and it merged with the Eberhard von Kuenheim Stiftung. It invests parts of its endowment through the Eberhard von Kuenheim (EKF) Fund, impact investing since 2011 and focused on venture capital fund investments since 2018; more than 10% of the endowment is in impact investments. Funds it names include Ananda Ventures, Planet A, Brain Capital, Mustard Seed Maze, Purpose Evergreen Capital, 2150 and PG Impact I (now Blue Earth Capital).
Investment thesis
Impact investing via venture capital funds to drive economic growth through innovations and novel business models; the whole portfolio is ESG-aligned and moving towards a Paris Agreement-aligned portfolio.
PORTFOLIO (7)
- Ananda Impact Ventures (Fund III)since 2018
- Planet A Ventures (fund)
- Brain Capital (fund)
- Mustard Seed Maze (fund)
- Purpose Evergreen Capital (fund)
- 2150 (fund)
- PG Impact I (now Blue Earth Capital)
People
- Dr. Heba AguibMember of the Board of Directors · source
- Heike SchneeweisMember of the Board of Directors · source
- Dr. Nicolas PeterChairman of the Board of Trustees · source
- Anne JoachimVP People & Finance · source
- Patricia PelayoSolutions, Investments & Partnerships · source
- Maya HintschichVP Solutions & Partnerships · source
- Ulrich WilhelmVice Chairman of the Board of Trustees · source
Links
Frequently asked questions
BMW Foundation Herbert Quandt is a institutional investor based in Munich, Germany, founded in 1970.
BMW Foundation Herbert Quandt does not primarily put its own money into private companies. It also commits capital to third-party funds as an LP.
Key people at BMW Foundation Herbert Quandt include Dr. Heba Aguib (Member of the Board of Directors), Heike Schneeweis (Member of the Board of Directors), Dr. Nicolas Peter (Chairman of the Board of Trustees) and Anne Joachim (VP People & Finance).
BMW Foundation Herbert Quandt's investments include Ananda Impact Ventures (Fund III), Planet A Ventures (fund), Brain Capital (fund), Mustard Seed Maze (fund), Purpose Evergreen Capital (fund), 2150 (fund) and PG Impact I (now Blue Earth Capital).
The most recent publicly reported investment by BMW Foundation Herbert Quandt is Ananda Impact Ventures Fund III (€50M) (LP commitment), announced in Oct 2018.
No. BMW Foundation Herbert Quandt invests its own capital and does not raise money from outside investors.